CMS Energy Co. (NYSE:CMS) Shares Purchased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC raised its position in CMS Energy Co. (NYSE:CMS) by 1.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 15,675 shares of the utilities provider’s stock after purchasing an additional 200 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in CMS Energy were worth $1,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in CMS Energy by 171.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 435 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 275 shares during the last quarter. TruNorth Capital Management LLC lifted its holdings in shares of CMS Energy by 431.3% in the second quarter. TruNorth Capital Management LLC now owns 712 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 578 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of CMS Energy in the second quarter valued at approximately $43,000. Covestor Ltd increased its stake in shares of CMS Energy by 206.1% during the 3rd quarter. Covestor Ltd now owns 701 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 472 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new position in shares of CMS Energy during the 3rd quarter worth approximately $56,000. Hedge funds and other institutional investors own 93.57% of the company’s stock.

Insider Activity

In related news, SVP Brandon J. Hofmeister sold 2,000 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $68.17, for a total value of $136,340.00. Following the completion of the transaction, the senior vice president now owns 64,771 shares of the company’s stock, valued at approximately $4,415,439.07. This represents a 3.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Scott B. Mcintosh sold 936 shares of CMS Energy stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $68.50, for a total value of $64,116.00. Following the sale, the chief accounting officer now owns 24,417 shares in the company, valued at $1,672,564.50. This represents a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.

CMS Energy Stock Performance

NYSE:CMS opened at $69.66 on Tuesday. CMS Energy Co. has a twelve month low of $55.10 and a twelve month high of $72.40. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.77 and a beta of 0.41. The company has a current ratio of 1.23, a quick ratio of 0.83 and a debt-to-equity ratio of 1.86. The firm’s fifty day simple moving average is $69.70 and its 200 day simple moving average is $65.57.

CMS Energy (NYSE:CMS) last issued its earnings results on Thursday, October 31st. The utilities provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.06. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.88 billion. CMS Energy had a return on equity of 12.81% and a net margin of 14.01%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.61 earnings per share. As a group, equities research analysts expect that CMS Energy Co. will post 3.33 earnings per share for the current fiscal year.

CMS Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.515 per share. This is a boost from CMS Energy’s previous quarterly dividend of $0.51. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, November 13th. CMS Energy’s payout ratio is presently 58.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. BMO Capital Markets dropped their price target on CMS Energy from $77.00 to $76.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Barclays boosted their price target on CMS Energy from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Bank of America raised their price objective on CMS Energy from $69.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Jefferies Financial Group began coverage on CMS Energy in a research report on Tuesday, November 5th. They set a “buy” rating and a $76.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on CMS Energy from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $70.21.

CMS Energy Profile

CMS Energy Corporation operates as an energy company primarily in Michigan. The company operates through three segments: Electric Utility; Gas Utility; and Enterprises. The Electric Utility segment is involved in the generation, purchase, transmission, distribution, and sale of electricity. This segment generates electricity through coal, wind, gas, renewable energy, oil, and nuclear sources.